FY 17-22 Preliminary Recommended CIP and FY 17 Bond Authorization - PowerPoint PPT Presentation

FY 17-22 Preliminary Recommended CIP and FY 17 Bond Authorization January 14, 2016

Preliminary Recommended Community Investment Plan (CIP) FY 17-22

What is the Preliminary Recommended CIP? • A first look • Fiscally feasible • Consistent with Commissioner goals • A continuation of existing plans • A starting point for Commissioner discussion and decisions

What the Preliminary Recommended CIP is NOT • The final CIP • The end of analysis • A commitment to project funding, timing or revenue mix

Three Big Ideas • The CIP is almost entirely dedicated to maintenance of existing infrastructure • There are other needs to be considered • There is a backlog of school projects

Capital Fund

Capital Fund History and Plan $200 Millions $180 $160 $140 $120 $100 $80 $60 $40 $20 $0 Adopted CIP Preliminary Recommended CIP

Capital Fund History and Plan Adjusted for Inflation $180 Millions $160 $140 $120 $100 $80 $60 $40 $20 $0 Adopted CIP Preliminary Recommended CIP

Outstanding Bonded Debt % Debt Reduction New Debt Principal Paid Outstanding in Millions Since FY 11 Issued Down Debt FY 11 $22.0 $24.5 $331.1 FY 12 18.3 29.1 320.3 3.3% FY 13 20.7 27.6 313.4 5.3% FY 14 26.3 28.9 310.8 6.1% FY 15 15.0 31.1 294.7 11.0% FY 16 27.5 29.9 292.3 11.7% Total $129.8 $171.1

Projected Outstanding Bonds Projected % Debt Outstanding Reduction New Debt to Principal to in Millions Since FY 11 be Issued be Paid Down Debt FY 17 22.8 30.4 284.7 14.0% FY 18 25.3 29.9 280.1 15.4% FY 19 25.9 29.1 276.9 16.4% FY 20 27.8 29.0 275.7 16.8% FY 21 49.9 27.0 298.6 9.8% FY 22 22.9 25.9 295.5 10.8% Total $174.6 $171.3

Unsold Bond Balance In Millions Current County including BOE $60.1 Planned to be sold in FY 17 16.4 Planned to be sold in FY 18-22 11.4 Projects with no plans to sell debt in the next $32.3 six years: Water Development/Compliance 12.6 8.6 Board of Education Projects 4.8 Land Bank Government Complex 3.8 Roads – Londontown Boulevard 1.7 Other 0.8

What’s In the Preliminary Recommended CIP?

What’s In the Preliminary Recommended CIP • Maintaining infrastructure • Maintaining efforts in Ag Pres and water quality • New Career and Technology Facility • High School Science Room Renovations • Market Street Extension • Army Reserve Building for Sheriff Headquarters • Westminster Veterans Memorial Park • Union Mills Structural Renovations

Maintaining Infrastructure • Roads and bridges • HVAC, roofs, paving • Parks • Technology • Stormwater ponds

Maintaining Infrastructure • Water and Sewer • Schools – Replacement of Career and Technology building – High school science classroom upgrades

Maintaining Effort • Agricultural land preservation • Water quality

BOE Projects • Career and Technology • High School Science Rooms • Roof Replacements – Francis Scott Key High School – Friendship Valley Elementary – Piney Ridge Elementary – South Carroll High School – Westminster High School • Increased funding for roofs and HVACs

New Projects FY 17-22 • Westminster HS Electrical Equipment Replacement • Highway Safety Improvements • Union Mills Homestead Roof Replacements • Northwest County Trail Acquisition

What’s Not In the Preliminary Recommended CIP?

Not In • $138.9M – BOE • $26.5M – Sheriff/State’s Attorney/Courts • $11.5M – Library • $6.0M – Public Safety Training Facility • $5.3M – Senior center improvements

Not In • $5.1M – Road network improvements • $4.2M – Communication equipment • $3.0M – Community College • $2.9M – Maintenance Center sewer upgrade and additional parking • $1.9M – Transportation additions/ renovations

Not in • $1.3M – Salt barns • $1.0M – Permits and Inspections office renovation • $0.8M – Multipurpose Building A/C • $0.6M – Gillis Falls Trail Phase II

Not In - BOE • Modernizations – Westminster East Middle School – Westminster West Middle School

Not In - BOE • Full-Day Kindergarten additions – Cranberry Station – Friendship Valley – Sandymount – Taneytown

Not In - BOE • Sandymount HVAC Replacement • Technology Improvements • Window Replacements • Barrier Free Modifications

Not In – Sheriff/SAO/Courts • Minimum Security Facility • New Courtroom

Not In - Library • Eldersburg Branch Renovation and Expansion • Westminster Branch Basement Renovations • Technology

Not In – Public Safety Training Facility • Additional Phases – Outdoor Restroom – Upper and Lower Parking Lots – Class A Burn Building – Utility Distribution – Training Props – Outdoor Classroom

Not In – Roads • Dickenson Road Extension • Meadow Branch Road Extended (MD 97 to Sullivan Road) • Cape Horn Salt Barn • Bark Hill Salt Barn Additional Storage • Traffic Calming

Not In – Community College • Technology • Facility Improvements

Not In • Projects we stopped funding – Traffic Calming – Traffic Signal Installation – ADA facilities – Technology – BOE and CCC – Land Bank – Regional Water Supply – GIS Orthophotography – Water Development

Capital Fund FY 17 FY 16 Change FY 17-22 FY 16-21 Change Total $52.5 $52.4 $0.1 $349.4 $336.2 $13.2 Local 43.4 46.0 (2.6) 274.6 265.3 9.3 State/Fed/ 9.1 6.4 2.7 74.8 70.9 3.9 Other

Enterprise Funds

Enterprise Fund Projects FY 17-22 • Utilities – Sykesville Water and Sewer Upgrades – Six Pump Station Rehabilitations – One Relief Sewer – Two Wastewater Treatment Plant Improvements – Hampstead Sewer Main Upgrade

Enterprise Fund Projects FY 17-22 • Solid Waste – Landfill Remediation • Airport – Grounds Maintenance Equipment • Fiber Network – Equipment Replacement

Enterprise Funds FY 17 FY 16 Change FY 17-22 FY 16-21 Change Total $6.3 $21.8 ($15.5) $35.4 $44.7 ($9.3)

Big Questions • BOE – – Modernizations – Career and Technology Facility – Additional School Closures – Closed Schools – Administration Space • Infrastructure • Road Development • Detention capacity

Bond Authorization

Developing the Bond Authorization Request • The Capital Budget drives the bond authorization request. • Difficult timing: – Interdependence of the Capital Budget and the authorization request – General Assembly schedule – Our budget schedule

Definitions • Appropriated – revenues and expenditures adopted in a budget • Authorized – potential bonding that has been approved by the General Assembly • Issued – actual bond sales • Planned – revenues and expenditures included in the Community Investment Plan (CIP), but not yet appropriated

The FY 17 Authorization Request • The Preliminary Recommended CIP includes approximately $31 million of new bond funding. • Other considerations: – Changes during the budget process – Changes in estimated project costs – Bonds for fire companies

FY 17 Authorization Request • Recommendation – $31 million • Bond authorization is enabling. • Bond authorization does not obligate the County to spend money or issue bonds.

The Rest of the Process • March – Overview and Recommended Budget • April – Commissioner/Agency Hearings • April – End of General Assembly Session • April – Proposed Budget • May – Public hearing on the Budget • May – Budget Adoption